The Bank Statement Authorization Letter is a critical document used in Indian banking operations when an account holder needs to authorize their bank to share statement information with third parties. This document becomes necessary in various scenarios, such as loan applications, visa processing, audit requirements, or business transactions requiring financial verification. Under Indian banking regulations, banks are bound by strict confidentiality requirements and cannot release account information to third parties without explicit authorization from the account holder. The letter must comply with the Banking Regulation Act, 1949, RBI guidelines, and relevant data protection laws. It typically includes comprehensive details about all parties involved, the scope of information to be shared, and the duration of authorization, while incorporating necessary security measures to protect the account holder's interests.

1. Date and Place: Current date and place of writing the letter

2. Bank Details: Complete name and address of the bank branch where the account is maintained

3. Subject Line: Clear indication that this is a bank statement authorization letter

4. Salutation: Appropriate greeting to the bank manager

5. Account Information: Account holder's name, account number, and type of account

6. Authorization Statement: Clear statement of authorization, specifying what information is to be released

7. Recipient Details: Complete details of the person or entity authorized to receive the bank statements

8. Time Period: Specific period for which the statements are requested or duration of authorization

9. Purpose Statement: Reason for requesting the bank statements

10. Closing: Formal closing statement and signature block